Join our daily newsletter At The Bell to receive exclusive market insights
- High-grade tin mineralisation has been confirmed at the Kikagati Tin Project in Uganda.
- Quarts veins show the peak grade to 10 per cent tin and an average 1.2 per cent tin, with the density of the veins ranging from 14 per cent two 22 per cent by volume.
- Carnavale has been granted a further extension to earn 51 per cent equity in the owner of the Kikagati Project.
Carnavale Resources has announced assay results confirming high-grade tin mineralisation from recent diamond drilling at the Kikagati Tin Project in the Isingiro District of Uganda.
The drilling has confirmed mineralised quartz veins extending approximately 3000 metres along strike, 900 metres down dip, and a 100 metre thick host sequence, open at depth and along strike. The dimensions provide potential to define a large scale tier 1 deposit.
The quarts veins show the peak grade to 10 per cent tin and an average 1.2 per cent tin, with the density of the veins ranging from 14 per cent two 22 per cent by volume.
Carnavale has an agreement to earn an initial 51 per cent equity in African Panther Resources (U) Ltd (APRU), the 100 per cent owner of the Kikagati Project in the Isingiro District. Under the agreement, Carnavale is required to complete 2000 metres of drilling on the project prior to an extended date of 30 June 2019.
Carnavale has currently completed 1695 metres of drilling.
Carnavale Managing Director Andy Beckwith said the Kikagati area has substantial open pit potential, and recently drilling has ticked all of Carnavale’s boxes.
“Our immediate task is to complete the required drilling programme to earn Carnavale’s 51 per cent equity. Beyond June, the next step will be to complete additional infill drilling to establish an initial inferred resource and assess the potential for bulk open pit mining methods,” he said.
Diamond drilling at the Kikagati Tin Project now totals 10 holes, and Carnavale plans to complete the remaining 305 metres of drilling and systematic sampling assays as soon as possible. It has also proposed larger volume reverse circulation (RC) drilling in the area.
Carnavale is a West-Australian-based mining and exploration company focused exploration and development projects for strategic minerals related the electric vehicle battery sector and other new-age disruptive technologies, as well as gold and precious metals.
